Apple co-founder Steve Wozniak has stated that he believes the company, and all others, should be paying at least 50% tax.
In a recent interview with the BBC Wozniak, who founded the mammoth company with Steve Jobs in the late ’70s, lashed out at the ways in which Apple manage to avoid paying what most would consider a fair rate of tax, given their earnings.
“I do a lot of work, I do a lot of travel and I pay over 50 per cent of anything I make in taxes and I believe that’s part of life and you should do it,” said Wozniak, before being asked if he felt that Apple should pay the same 50% rate; “I think every company in the world should.” was his curt response.
According to The Independent UK:
Apple is registered to pay tax in Ireland on much of its European business, where tax is 12.5 per cent compared to the 25 per cent in the UK.
Corporate tax is 35 per cent in the US, but Oxfam data has shown that Apple has an effective US tax rate of 26 per cent because of money it receives in tax breaks and almost $200 million held offshore.
Apple has three subsidiaries in Ireland, the company confirmed.
A European Commission investigation has revealed that Apple may owe as much as $8 billion (£5.6 billion) in taxes.
“If you make money you should pay some taxes to government on it, I believe that very strongly,” added Wozniak, “We knew the company we founded in 1976 would be a worldwide company and we just assumed we would pay taxes on it. Maybe the taxes are different for a company than they are for a person, but we didn’t think we’d be figuring ways to go off to the Bahamas to have special accounts like people do to hide their money.“